Mumbai: J P Morgan Asset Management India today launched a new scheme ‘JP Morgan India Top 100 Fund', which is an open-ended equity growth scheme that seeks capital appreciation by investing in select blue chip and large cap equity stocks across sectors.
The new scheme aims to predominantly adopt a bottom-up style of investing and will focus on balancing returns with low degree of volatility.
The new fund offer, which will open for subscription from June 2, will close on June 16, 2014. “We believe there is a set of investors who are looking for capital appreciation but with less volatility. Our Top 100 fund which is a large cap oriented fund is meant for these investors,” Head of Equities of J P Morgan MF India, Harshad Patwardhan said.
Similarly, Managing Director and Chief Executive officer of J P Morgan MF India, Nandkumar Surti said that with new government in place, markets look promising.